Financial Services

Trader, Risk Retention

New YorkOnsiteFull TimeEntry-level (exp-based)Posted 1 month ago

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Required skills

trading assistant
junior trader
fixed income
cross-product trading
Excel

Nice to have

CLO
CMBS
ABS
RMBS
structured credit
trade settlement

Role summary

Nearwater Capital is seeking a Trading Assistant / Jr. Trader for its Risk Retention team in New York City. This role supports trade execution, booking, and settlement for ABS, CLO, CMBS, and RMBS financing positions. The ideal candidate has 1-2 years of fixed income trading experience, strong attention to detail, Excel proficiency, and clear communication skills. Preferred experience includes CLO/CMBS trading, structured credit products, trade settlement processes, and trading systems like Enfusion. This is a 100% work-from-office position offering direct mentorship and a path toward increased trading responsibility within a fast-paced, small team environment.

THE OPPORTUNITY

Nearwater's Risk Retention team is hiring a Trader to support trade execution, booking, and settlement across the team's ABS, CLO, CMBS, and RMBS financing positions. You will work closely with senior traders and the broader Capital Markets and Liquid Markets desks to ensure trades are executed, confirmed, and settled accurately and on time.

WHAT YOU'LL DO

Support trade execution and booking across Risk Retention financing and securities positions

Confirm trade details with counterparties and internal stakeholders, resolving discrepancies quickly

Track positions, settlements, and cash movements, escalating breaks to senior traders

Coordinate with Operations and Settlements on trade lifecycle events

Maintain accurate trade and position records across internal systems

Support ad hoc market and portfolio analysis for the trading desk

WHAT WE'RE LOOKING FOR

Required

2 - 4 years of hands-on experience as a trading assistant or in a junior trading role, specifically in fixed income cross-product trading

Strong attention to detail and comfort working with numbers under time pressure

Proficiency in Excel

Clear communicator who can flag issues early and follow through to resolution

Preferred

CLO or CMBS trading experience in particular

Exposure to ABS, RMBS, or other structured credit products

Familiarity with trade settlement processes and market conventions

Experience with Enfusion or a similar trading/order management system

HOW YOU WORK

Enjoys small teams where everyone wears a few hats

Comfortable with a fast pace and a full plate

Catches small issues before they become big ones

Adaptable when the day doesn't go as planned

Wants to work alongside people who know more than they do

Looks for ways to be useful without being asked

WHAT YOU'LL GET

A front-row seat to trade execution on a specialty finance desk

Direct mentorship from senior traders with a path toward increased trading responsibility

Exposure across Risk Retention, Capital Markets, and Liquid Markets desks

A small team environment where contributions are visible and valued

Who We Are

Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions-based financing to some of the largest financial institutions and financial services firms in the world.

Nearwater offers an attractive market compensation and benefits package. As a creative, intellectual capital firm, Nearwater is proud to be 100% work from office.Nearwater Capital considers all applicants without regard to race, color, religion, national origin, age, sex, civil status, family status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, membership of the Traveller community, or any other characteristic protected by applicable law in the jurisdiction of employment. By applying, candidates acknowledge that their personal data will be processed in accordance with applicable data protection and privacy laws, including but not limited to the EU/UK General Data Protection Regulation and applicable US state privacy laws.

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